Real estate rookie interested in an investment property

[Cassandra Reynolds]

Hello, I have been listening to the Bigger Pockets podcast, trying to chip away at my ignorance when it comes to all things real estate. I own my home. It's got enough equity in it that, theoretically, I can manage a down payment on a very modest second property. I'm open to either making the new property my permanent residence and renting out my current home or vice versa. My understanding is that I'd probably get a better loan if the new property were considered a primary residence. However, if I'm actually living there, then the house has to be in a very specific geographic area since I am a single parent working full time relying heavily on family for childcare. There's not a lot of margin for error :) I'm looking at livable fixer uppers just north of Asheville and, to be honest, feeling a little out of my depth. If you made it this far, thanks for reading!